BHP Group (LON:BHP) Stock Price Down 0.6% – Here’s Why

BHP Group Limited (LON:BHP) traded down 0.6% on Thursday . The company traded as low as GBX 2,031 ($25.60) and last traded at GBX 2,046 ($25.78). 1,155,170 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 2,264,238 shares. The stock had previously closed at GBX 2,058 ($25.94).

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on BHP shares. Deutsche Bank Aktiengesellschaft decreased their target price on BHP Group from GBX 2,250 ($28.36) to GBX 2,100 ($26.47) and set a “hold” rating for the company in a report on Monday, September 9th. Berenberg Bank reiterated a “hold” rating and issued a GBX 2,000 ($25.20) target price on shares of BHP Group in a report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 2,710 ($34.15).

BHP Group Price Performance

The company has a market capitalization of £104.14 billion, a PE ratio of 1,726.05, a P/E/G ratio of -0.78 and a beta of 0.84. The company has a current ratio of 1.70, a quick ratio of 1.37 and a debt-to-equity ratio of 45.26. The stock has a fifty day simple moving average of GBX 2,141.47 and a 200-day simple moving average of GBX 2,197.44.

BHP Group Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, October 3rd. Shareholders of record on Thursday, September 12th were issued a dividend of $0.74 per share. This represents a yield of 2.7%. This is an increase from BHP Group’s previous dividend of $0.72. The ex-dividend date was Thursday, September 12th. BHP Group’s payout ratio is 9,495.80%.

About BHP Group

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.